Cassandre Coyer reports: A US federal judge dismissed much of the Securities and Exchange Commission’s lawsuit against SolarWinds Corp. that alleged the software provider misled investors about its cybersecurity practices and the significance of a major data breach that spilled into the US government. Thursday’s ruling was seen as a blow to the SEC’s aggressive efforts to regulate…
Category: Business Sector
Genetic Testing Firm 23andMe Settles Data Breach Lawsuits
Amanda Bronstad reports: 23andMe has reached a settlement in principle of class actions brought over last year’s data breach, lawyers disclosed at a Tuesday court hearing in San Francisco. The amount and details of the settlement weren’t disclosed, but, in its annual report this year, 23andMe revealed it had $216 million in cash. At a…
Bassett Furniture shuts down manufacturing facilities after ransomware attack
Jonathan Greig reports: One of the largest furniture companies in the U.S. was forced to shut down its manufacturing facilities following a ransomware attack that began last week. Bassett Furniture Industries said it shut down some of its information technology systems after it discovered unauthorized access on July 10. The hacker “disrupted the Company’s business…
Car dealer software slinger CDK Global said to have paid $25M ransom after cyberattack
Matthew Connaster reports: CDK Global reportedly paid a $25 million ransom in Bitcoin after its servers were knocked offline by crippling ransomware. Last week, CDK restored services to car dealerships across the US after a two-week outage caused by a “cyber incident” that looked a lot like a ransomware infection. The shutdown of CDK’s software platform caused…
Hackers claim Disney data theft in protest against AI-generated artwork
Alex Hern reports: Hacktivists claim to have stolen more than a terabyte of data from Disney’s internal chat platform and are leaking the information online in a protest against what they say is the company’s anti-artist stance. The group, which calls itself NullBulge, has been active since at least May. It claims to be motivated…
AT&T Says New Hack Includes Records of Customer Calls, Texts
Christopher Palmieri reports: AT&T Inc. suffered a massive hack of customer data — separate from one reported earlier this year — that included records of calls and texts for nearly all of its mobile-phone users for a six-month period in 2022, one of the biggest breaches of private communications data in recent memory. The company said…